Authorized funding for the National Flood Insurance Program (NFIP)—the only flood insurance program broadly available in some parts of the country—is set to expire on July 31.

As you know, flood insurance is required on loans for properties located in a special flood hazard area. If the NFIP is not reauthorized by Congress, many loan closings in these areas will be delayed or otherwise complicated, resulting in additional costs and borrower frustrations. Flooding is the most common and costly natural disaster in the United States. Congress must act now to enact long-term reauthorization while seeking ways to reform and modernize the NFIP.

ABA, ICBA, and other organizations signed a joint letter of support urging Congressional leaders to bring legislation to the floor.

Contact your members of Congress TODAY and urge them to reauthorize the flood insurance program.

ABA has set up a direct link with a pre-populated message to your elected officials.

If you would prefer to contact your Members of Congress another way, you can find those options here and paste the message below:

Find Your Member of Congress

Senator Tammy Baldwin

Senator Ron Johnson

If you have any questions, please contact Jon Turke at jturke@wisbank.com or 608-441-1215.

Message to Congress:

I am writing to urge Congress to act to extend the authorization of the National Flood Insurance Program (NFIP) which is currently scheduled to expire on July 31.  

While reforms are needed to the program, Congress has yet to come to agreement on a long-term extension and reform of the NFIP. This has already resulted in a series of six stop-gap extensions and two brief lapses in 2017 and 2018. Flooding is the most common and costly natural disaster in the United States. Congress must act now to enact long-term reauthorization while seeking ways to reform and modernize the NFIP. 

Any lapse of program authority will make it difficult if not impossible to close loans to borrowers whose property is located in a special flood hazard area. Furthermore, a lapse in the NFIP may slow down recovery efforts in Texas, Louisiana, Florida, Puerto Rico and other States impacted by the devastating 2017 hurricane season by making it harder for disaster assistance recipients to satisfy flood insurance requirements. 

Flooding is the most common and costly natural disaster in the United States. Americans deserve certainty and stability in the flood insurance marketplace to be able to protect their homes and loved ones. I urge you to extend the current authority of the NFIP for a time period sufficient for Congress to finish its work on a long-term reform measure.